Prudential PLC Has $35.07 Million Holdings in Motorola Solutions, Inc. $MSI

Prudential PLC raised its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 17.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,403 shares of the communications equipment provider’s stock after acquiring an additional 12,382 shares during the period. Prudential PLC’s holdings in Motorola Solutions were worth $35,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $650,426,000. Vanguard Group Inc. lifted its stake in Motorola Solutions by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,885,593 shares of the communications equipment provider’s stock valued at $9,202,016,000 after purchasing an additional 384,479 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Motorola Solutions by 49.1% in the 1st quarter. Hsbc Holdings PLC now owns 746,011 shares of the communications equipment provider’s stock valued at $325,558,000 after purchasing an additional 245,739 shares during the last quarter. Congress Asset Management Co. acquired a new stake in Motorola Solutions in the second quarter valued at approximately $87,162,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Motorola Solutions by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,520,116 shares of the communications equipment provider’s stock worth $665,522,000 after buying an additional 187,400 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Insider Transactions at Motorola Solutions

In related news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction on Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the completion of the transaction, the chief executive officer owned 46,936 shares of the company’s stock, valued at $22,693,556. This trade represents a 51.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James A. Niewiara sold 1,700 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $485.43, for a total transaction of $825,231.00. Following the completion of the transaction, the senior vice president owned 14,542 shares in the company, valued at approximately $7,059,123.06. The trade was a 10.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 110,614 shares of company stock worth $53,085,917 over the last three months. 1.44% of the stock is owned by company insiders.

Motorola Solutions Trading Down 0.3%

NYSE MSI opened at $371.10 on Thursday. The firm has a market capitalization of $61.81 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 3.46 and a beta of 0.96. The business’s 50-day moving average price is $437.44 and its two-hundred day moving average price is $433.98. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of 3.86. Motorola Solutions, Inc. has a 12 month low of $368.17 and a 12 month high of $503.62.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the firm earned $3.74 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s payout ratio is currently 34.99%.

Analyst Ratings Changes

A number of research analysts have recently commented on MSI shares. Barclays dropped their price target on Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Evercore ISI increased their target price on Motorola Solutions from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Motorola Solutions in a research note on Wednesday, October 8th. UBS Group upped their price objective on Motorola Solutions from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Piper Sandler reiterated a “neutral” rating and set a $465.00 target price (down from $495.00) on shares of Motorola Solutions in a research report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Motorola Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $506.43.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.